MIDEAST STOCKS-Saudi, Egypt up in early trade as oil rises | Reuters:
"Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite.
Riyadh's index traded up 1.7 percent to slightly above 6,000 points, lifted by the petrochemical sector. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent.
However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an adjustment phase, said a note by Riyad Capital."
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